The season ended with the Chicago Bulls winning their third straight championship and sixth in the last eight years, beating the Utah Jazz 4 games to 2 in the 1998 NBA Finals. It also marked the departure of Michael Jordan and the end of the dynasty for the Chicago Bulls.
The 1998 NBA All-Star Game was played at Madison Square Garden. However, the Slam Dunk Contest was not held, due to the risk of player injuries, lack of new dunking tricks and lack of big-name players in recent competitions. Instead, a 2Ball competition was held. Los Angeles Lakers guard Kobe Bryant became the youngest All-Star starter at age 19. The East beat the West, 135–114 for the third consecutive year, as Michael Jordan won his third All-Star MVP.
The Washington Bullets were renamed the "Wizards". They began the season at US Airways Arena, then in December, they played their first game at the MCI Center (later Verizon Center, now Capital One Arena) during this season.
Due to the demolition of The Omni and the construction of the new Philips Arena, the Atlanta Hawks split home games between Georgia Tech's Alexander Coliseum (Their original home where they played for four seasons when they moved to Atlanta in 1968.) and the Georgia Dome.
Golden State Warriors swingman Latrell Sprewell made headlines by choking Warriors head coach P. J. Carlesimo during practice on December 1, 1997. Sprewell was ultimately suspended for 68 games, at the time the longest in NBA history. Sprewell would be traded to the New York Knicks in the off-season that followed.
Michael Jordan passed Kareem Abdul-Jabbar as the all-time leader in points scored in the NBA Playoffs. The record stood for nearly 20 years until it was broken by LeBron James in 2017.
The Utah Jazz and the Chicago Bulls shared the league's best record at 62–20, and met each other in the NBA Finals. The Jazz had home-court advantage by virtue of the head-to-head match-up (the Jazz won the season series 2–0).
Two new records were set in Game 3 of the NBA Finals: biggest margin of victory (42 points) and fewest points scored in an NBA Finals game (54) in the Bulls' rout of the Jazz.
Following head coach Phil Jackson's decision to not return to the Bulls, Michael Jordan announced his second retirement from the NBA during the following offseason. This was Jordan's final season with the Chicago Bulls. Scottie Pippen was traded for Roy Rogers (who was released in February 1999) and a conditional second-round draft pick from the Houston Rockets. Dennis Rodman was not re-signed either, leading to the end of an era for the Bulls and the NBA.
Houston Rockets guard Clyde Drexler retired after fifteen seasons, twelve of which he spent with the Portland Trail Blazers, where he led the team to two NBA Finals, in 1990 and 1992. He won his only NBA championship in 1995 while playing for the Rockets.
Dallas Mavericks forward A.C. Green breaks the NBA's Iron Man Streak of most consecutive games played, surpassing Randy Smith who played 906 consecutive games.
On February 27, the Indiana Pacers defeated the Portland Trail Blazers 124–59, marking the first time in NBA history that one team scored more than twice as many points as its opponent.
All the Western Conference teams who missed the playoffs had 55 or more losses. Four of them lost more than 62 games. The ninth-placed Sacramento Kings finished the season with a 27–55 record, losing nineteen of their last twenty games. The Kings finished fourteen games behind the #8 seeded Houston Rockets, who finished with a 41–41 record, while the tenth-placed Dallas Mavericks ended with a 20–62 record. All the Eastern Conference teams who missed the playoffs had 31 or more wins except for the Toronto Raptors, who finished with a 16–66 record.
Violet Palmer and Dee Kantner became the first two female officials in NBA history (as well as any of the four major professional sports leagues). Kantner would be fired following the 2001–02 season, while Palmer would go on to have long 19-year career before retiring after the 2015–16 season.
The Golden State Warriors changed their logo and uniforms, changing their colors to navy, orange and gold.
The Indiana Pacers changed their uniforms adding pinstripes with side panels to their jerseys and shorts.
The New Jersey Nets changed their logo and uniforms, replacing blue with navy to go with red and grey to their color scheme, added side panels to their jerseys and shorts.
The New York Knicks changed their home uniforms, adding blue side panels to their jerseys and shorts. Meanwhile, the blue alternate road uniforms with black side panels to their jerseys and shorts they wore for the past two seasons became their primary road jersey.
The Philadelphia 76ers changed their logo and uniforms, replacing their red, white and blue colors with black and gold.
The Washington Bullets changed their name to the Washington Wizards, and got a new logo and new uniforms. They scrap the red, white and blue colors to blue, old gold and black. Also in December that season, they moved into their new home arena called the MCI Center (later the Verizon Center, now Capital One Arena).
z – Clinched home court advantage for the entire playoffs
c – Clinched home court advantage for the conference playoffs
y – Clinched division title
x – Clinched playoff spot
Playoffs
Teams in bold advanced to the next round. The numbers to the left of each team indicate the team's seeding in its conference, and the numbers to the right indicate the number of games the team won in that round. The division champions are marked by an asterisk. Home court advantage does not necessarily belong to the higher-seeded team, but instead the team with the better regular season record; teams enjoying the home advantage are shown in italics.
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